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Public spending ATM is a blunt instrument, if more of the responsibility for spending of public money was taken locally it would hopefully be spent in more relevant ways than it is now.
Jezzoo that's exactly what I have been saying.
When I say the richest 25% must pay more tax.
Firstly it attacks inflation much better than interest rate rises.
Because you are addressing money supply directly.
Next it allows for the SSA to be restored to 85% and thus reduce council tax.
This allows more money for food and partly addresses the cost of living crisis.
Also we need to attack the deficit.
Unfortunately I believe the main reason for cancellation of HS2 is for a budget giveaway next month.
HS2 is badly needed for so many reasons.
Just building it will allow more investment into this country and into the north of England.
Or to put it another way...ASSET value is
$6.1Bn Gross (or 197p/share) and $3.4Bn Net or 110p/share at current prices and
$8.6Bn (£277p) Gross and $4.8Bn or 155p/share Net at Oliver's highere prices plus copper at $4.20/lb (which is where it was 6 months ago...)
All constructive contributions welcome...
Quady: Yes I do, that's what leveling up is supposed to about, the South admittedly creates more wealth but we as a country should have an equal opportunty to access to the public purse.
Italian...thanks for your numbers...very illuminating...
Here's some more...
Based on Michael Oliver's video, gold could go to $2500 and silver to £38 in the interim...(he's talking about a couple of months).
Also his arguments about Junior Miners (Explorers) is very persuasive...(me and mine have 250,000 GPM shares predominantly in Junior Gold/Silver miners; I also hold EQX as you know). He makes the sound point that Juniors are unfinanceable at the moment so that, together with possible manipulation by prospective buyers, may be why we are down here...unloved...
The interesting thing to me is that the SolGOLD SP was definitely correlated to the gold price and that link seems to have broken for the time being, maybe because copper has been hammered...
However...using Oliver's numbers, assuming those revised gold/silver prices around the turn of the year:
Copper at $4.20, Gold at $2500 and silver at $38 adds 3.4 BILLION to the NPV to give 42% gross and 32% net
But even at current prices, the revised NPV would add 940 MILLION to give 30% and 23%
And all that is without taking account of the downward revised engineering costs which are expected in a revised PFI based on what Scott has said previously...
Onwards and upwards...
Obviously has no life.
Jezzoo interested on your prospective as a councillor.
Today the SSA is 61% as an average across the UK's councils. I believe it used to be 85%.
Do you agree with me that we should go back to 85% and so greater council receipts are taken from general taxation.
This I believe is one of the main reasons for the cost of living crisis.
The working poor pay a bigger part of their income from expenses that take up a bigger proportion of their income.
This is just one example of our economy being unbalanced.
The debt will take decades to pay down, whoever is in charge will have some hard decisions to make, hard in not popular with the public or their voters in particular.
The only way to pay it down, regardless of political affiliation, is through taxes on goods and services, profits, inheritances etc. Plus they will make up some other taxes to fill it out, road pricing etc, basically if you are living and breathing you will pay more and when you die they get a lump sum.
Only two ways to do it, ripping off the dressing in one very painful short lived rout or a dismal existence for years on the never never.
Whilst I am a local councillor( yes really), I wouldn't want to be taking the flak the higher ups will inevitably get.
Will these go the same way as the shares Red bought at 17p to convince his readers that we had reached a laughable low?
He's bought the company 3 times over with his 'trades'.
Jezzoo - that's all fair enough.
I do however think it'll be difficult to pay much more tax than were already paying. Just look at how the allowances across various taxes have been trimmed or slashed, CGT being one such example.
The tories have been pushing more and more into taxable grounds yet there will only be a fuss made if Labour up the rates by a percentage point here or there. Par for the course, of course.
Of course fort. its the money markets, its the drerampers, its the imposters, its the blackrock stooges, its those paid by lse to disrupt the board, its those people padmaster writes ditties about, its the weather.
one thing is for sure. its nothing to do with solg.
Look at the volume. 1 million traded at under 9's.
It's £90k in cash for goodness sake. Yet it knocks off close to £12m in value.
Someone having a laugh. If the mm's can't take more than £30k worth without dropping price then they are struggling.
Looks like another fishing expedition as they really don't like when buyers come nibbling. They soon move the offer up.
In theory, it could take just £100k in cash to manipulate SOLG's share down to 7's and knock over another £45m.
Something got to be wrong with that?
Redknight. well done mate, how many now?
just remind me what time its lights out at the asylum.
Scott says..."theres news coming..."
Scott says..."the SP should be at least double..."
Irwin confirms the takeout should be c70p ('Asset Value')...
And the SP continues to slide...
However...
Bought another 100k at 8.71p on a T20...
Adikt ,nobody but you believes you have me filtered. stop making a fool of yourself.
its bad enough that your in denial that solg at this moment is a sh..t show.
copperpot is a complete fantasist. the fact you hang on to his every wishful thinking word
speaks volumes as to how far your in knee deep in a company that's rudderless, with no prospect of you
recovering anywhere near what you put in.
the share price is 8p. youve been spouting the same tripe since the 30s.
you are now in a very small minority of clowns who can't face the fact that youve been taken for a ride.
go to Ireland, you can be copper pots herdsman, you deserve each other
Bozi, the point I was making was that in his opinion he's paid tax once on his earnings throughout his career, he can see that Labour will soak the rich in taxes that they can't avoid IE Inheritance tax, capital gains etc.
Enough is enough in his opinion is what I'm saying, do you think you will be paying more tax if Labour win the next election ?
If you read the last paragraph we agree on the quality of the present Govt, where I differ is your "want politicians who can be more proactive and flexible across a range of topics" All I see there is more MOR politics that don't move us forward as a country. I think we may well see a less than satisfactory partial "deal" with Brussels to bring us closer again to the EU, although I'm for more freedom of movement, something I've always been for, especially between "first World" countries.
For the record,I'm more than willing to let Labour have a go although it may give me a "I told you so " moment. Or not, time will tell.
Because the only person I have filtered is nal, I know when he posts. What I've discovered is that you don't need to be able to read his posts to know exactly what he's going to say.
First, it will contain an insult to one or more other posters. It will be factually incorrect; it will demonstrate that he hasn't actually read or understood what the other poster has said; he will wilfully misrepresent someone's views and, if challenged to back-up his accusations with evidence, he ignores it.
Additionally, it will be illiterate and will contain many spelling and grammatical errors. If figures are involved, you can forget about it - he can barely count the number of digits on one hand. Has there ever been such a worthless contributor to these boards?
Adikt. You come a very close second to quady, in the ridiculous post stakes.
So out of touch with reality, it's laughable
Quady. Your posts get more ridiculous by the day
Clown
Jezzoo - you started off by talking about the rich funding the investment in this country...
... and then you mentioned a friend who is desperate to pay as little tax he can going forward, so much so that he's emigrating.
You were picking up on Novice's thread about the wealthy driving productivity in this country...
... all whilst telling us about a friend who became wealthy from (what sounds like) relatively nothing.
I'm not sure how I can articulate my point further apart from highlighting the inconsistency.
My point is that anyone can be aspirational. It's not dependent on your background and family wealth. It's aspiration that stimulates innovation and together they help fuel productivity.
It's not about left this and right that. My view is that I've had enough of this tory government and their shambolic handling of the economy has damaged my belief that conservatives are to be trusted - the cronyism and theft from the public purse we've seen in the last 5 years has been horrendous.
I want politicians that prioritise the public more instead of saving their empty platitudes for election time and I want politicians who can be more proactive and flexible across a range of topics. So, I'm far far from convinced that "more right is the way to go".
Cant be that many selling who need the cash, this is at a 5 year low, and gold is trading above $1900 ??, im tempted to add more, but looks like it could go lower, ATM
The BOD have done a poor job here
I imagine the people selling are forced sellers needing the money.
I see there was a large 1.5 million sell Friday? to take the Sp this low who is actually off loading large stake??
Jezzoo forget the terms left and right, they have nothing to do with economics and never have
We are talking about what works.
The world is changing and if we don't move with it, we will be left behind.
...by a Thousand cuts!
Reminds me of my other great loss...IOG